USDA released its quarterly Hogs and Pigs report yesterday after the market close, and it confirmed pre-report industry expectations of more hogs, pigs, farrowings and, of course, pork. The total inventory of hogs and pigs as of 1 September was 75.5 million head, 103 percent of 1 September 2017 as well as the previous quarter. Market hogs totaled 69.2 million head, also 103 percent of year-ago levels and 104 percent of last quarter.
Sows kept for breeding totaled 6.33 million head, 103 percent of last year and just slightly more (10,000 head) than the previous quarter. Sows farrowing during the last quarter were 50 percent of the breeding herd at 3.19 million head or 103 percent of the same quarter a year ago. Further, production effici...
What You Need to Know Today: Brazilian President Luiz Inácio Lula da Silva secured reelection on Sunday, defeating right-wing Senator Flávio Bolsonaro despite trailing in the first round of voting. The surprise victory triggered a sharp selloff in Brazilian financial market...
The 2026 midterm elections are a week from tomorrow, but early voting has been taking place for weeks. At stake is control of Congress, including the House of Representatives, where all 435 seats are contested, and the Senate, where approximately one-third of the seats are up for election. Farm...
Key Takeaways: Total U.S. crop acres (excluding hay) are forecast to expand fractionally this year due to greater oilseed crop and winter wheat plantings. One of the key drivers of this year’s crop outlook is input costs, and crops with a lower cost profile have an advantage in producers...
